Play with the entire Sushi family: Kashi lending, BentoBox, Sushi Bar collateralized earnings and voting rights, and more!

Today Sushi is no longer just DEX, as a community-driven DeFi platform with a diverse range of products on Sushi: Kashi lending, BentoBox, Sushi Bar collateralized income and voting rights, and Onsen liquidity pools.

Play with the entire Sushi family: Kashi lending, BentoBox, Sushi Bar collateralized earnings and voting rights, and more!

Hasn’t Sushi been the head DeFi app for a long time? Why do you call it a “new way to play”? Today Sushi is no longer just DEX, as a community-driven DeFi platform, Sushi has a diverse range of products: Kashi lending, BentoBox, Sushi Bar collateralized income and voting rights, and Onsen liquidity pools.

Outside of Ether, Sushi is also deployed on Polygon, Fantom, BSC, Avalanche and other chains. In addition, the close collaboration with major protocols such as Aave and Yearn gives a good added value to users, helping them to create multi-protocol strategies and optimize yield generation.

The first step in exploring Sushi is to get started with their “family” of products and then follow the pace of their outbound cross-protocol, cross-network collaboration. In addition, the team at Sushi is very interesting, and we can see many interesting interviews on the Sushi media account, such as the leader 0xMaki, who has a lot to share.

Sushi Family Bucket Products
Token Exchange (Swap)

The main features are Swap and Add Liquidity. In the “Liquidity” feature we can add a pair of tokens to a specific liquidity pool and become a liquidity provider. Adding liquidity allows us to receive a 0.25% transaction fee and an additional SUSHI bonus based on the percentage of “shares” held in the liquidity pool.

Play with the entire Sushi family: Kashi lending, BentoBox, Sushi Bar collateralized earnings and voting rights, and more!

Yield tool (Yield)

On the main menu, you can see the Yield tool, which is a way to earn income by lending a single token (Kashi) or pledging SLP tokens. We can use the search function to see if the yield instrument covers the tokens you hold. If you are involved in a particular yield farming, it will be topped for easier management.

Play with the entire Sushi family: Kashi lending, BentoBox, Sushi Bar collateralized earnings and voting rights, and more!

For example, YFI and WETH, which offer dollar equivalents in the YFI-WETH pool, can now request 4.99 SUSHI as a reward or add or remove liquidity, the latter requiring you to first withdraw (withdraw)/unstake (unstake) your SLP tokens.

Sushi Bar

Play with the entire Sushi family: Kashi lending, BentoBox, Sushi Bar collateralized earnings and voting rights, and more!

Sushi Bar’s primarily helps users pledge SUSHI tokens, and the return is variable, often between 5-30% (6.31% on average), depending on how many dollars worth of assets are pledged throughout the agreement.

The benefit of pledging SUSHI is access to xSUSHI, which can be used for voting rights, but can also be used as collateral for other agreements, such as AAVE.

For example, if you hold BTC and ETH and want those assets to earn for you, you can deposit them as collateral in AAVE and borrow a stablecoin (worth about 0.5x your collateral), exchange it for SUSHI, pledge SUSHI to get xSUSHI, and deposit xSUSHI as collateral in AAVE to borrow more stablecoins. This is a great low-leverage strategy that allows you to have exposure to two or more assets at the same time.

In this order, in the SUSHI vesting option, you will see a button to overlay the yield with SAAVE (SUSHI → xSUSHI → aXSUSHI on AAVE) to perform the above actions in a single transaction. This cross-functional/protocol integration shows that the team has the ability to exceed the finish line.

Just make sure your AAVE health factor stays relatively high despite the market crash.

Lending [Kashi]

Play with the entire Sushi family: Kashi lending, BentoBox, Sushi Bar collateralized earnings and voting rights, and more!

Kashi acts as a lending function for Sushi. By depositing funds on the marketplace using a wallet or BentoBox (Sushi’s internal vault for storing tokens to interact with DApps like Kashi), users can earn a return. As an example, lending DAI would receive an annual interest rate of 33.24%, a considerable yield for a stablecoin, while other users would lend DAI by depositing ETH as collateral.

The borrowing function serves the following purposes.

Participate in revenue farming.

Establish trading positions, such as leveraging short positions on certain assets that previously could not be shorted via AMM; or establishing long positions via stablecoin borrowing

Importantly, in contrast to AAVE or COMPOUND, these pools are segregated from each other, which reduces the risk of agreement if one of the assets goes to zero.

Locked positions (Vesting)

Play with the entire Sushi family: Kashi lending, BentoBox, Sushi Bar collateralized earnings and voting rights, and more!

By clicking on Vesting, we can claim the SUSHI rewards generated from the income farming in this screen. Each week, we can claim 2/3 of the SUSHI rewards generated 6 months ago, and the newly acquired SUSHI can be used to.

Pledge SUSHI as mentioned in the Sushi Bar section and receive xSUSHI

Stack the yield using SAAVE as mentioned in the Sushi Bar section

Deposit SUSHI to BentoBox to receive the yield automatically generated by the Lightning Lending strategy [coming soon].

Network (Network)

Play with the entire Sushi family: Kashi lending, BentoBox, Sushi Bar collateralized earnings and voting rights, and more!

The future of Sushi depends on its integration with multiple blockchain networks. Integration not only expands the user base, but also allows the protocol to gain liquidity from each network, which in turn increases adoption by retail and potentially institutional users.

As of today (May 17), Sushi has attracted $628 million in liquidity on Polygon, with daily trading volume peaking at $120 million. The highest yielding pools can offer SUSHI and MATIC reward distributions of close to 100% of the APY, and this yield farming requires very low cost fees to be paid.

Sushi’s Present and Future
Platform Analysis

As of today, SUSHI is valued at $2.9 billion with a total value lock (TVL) of $4.4 billion and a fully diluted valuation of $4.3 billion.

The highest daily trading volume occurred on February 23, 2021, with $1.2 billion in trading volume. Deal volume declined between the end of February and the end of April, but accelerated significantly from May onwards, reaching $1.2 billion again on May 12.

The first half of the year has seen a number of new developments, and these dynamics have driven Sushi’s recent momentum, particularly its recent integration with Polygon at a time when ethereum gas fees were skyrocketing out of control.

Play with the entire Sushi family: Kashi lending, BentoBox, Sushi Bar collateralized earnings and voting rights, and more!

On the analysis page you can find liquidity pools with high returns and APYs available for pledging SUSHI (past and current data). In addition, the left menu allows you to track recently added new pools and pairs, as well as the biggest winners and losers in terms of liquidity, trading volume or fees gained.

In the “Portfolio” section, you can enter your wallet address to monitor active pools and Sushi Bar activity.

Technical Analysis

Play with the entire Sushi family: Kashi lending, BentoBox, Sushi Bar collateralized earnings and voting rights, and more!

As for TA, SUSHI’s price is currently at $17.8, after a 42-day downtrend that saw a top-to-bottom correction of -57.33%, followed by a reversal and a good reaction from the 3D demand area. The sequential break of the market structure and the recapture of key levels ($14.0-14.9) on increased volume is a clear bullish signal. Although there is no clear target, reaching UNI’s current market cap in the future seems possible.

Sushi currently trades about 20-25% less Ether than Uniswap, while being valued 6.9x lower. Other metrics such as the market cap/TVL ratio may provide a rough reference for the current valuation of SUSHI (SUSHI: 0.66 / UNI: 2.57).

Also, Uniswap and Sushi appear to be moving in different directions in the DeFi space, and it will not be a winner-take-all market, at least in the short to medium term.

The Future of Sushi

A few days ago, the team posted an article about Miso, along with an explainer video from @0xChu, a launchpad for creating and crowdfunding the sale of new tokens, while allowing creators to build liquidity pools and offering revenue farming rewards to users.

Following Yearn’s Woofy, the MEME token NyanSushi will soon be available by depositing xSUSHI into BentoBox.

oSUSHI – a token similar to the veCRV token – was also recently submitted for filling.

One more small and insignificant detail, Sushi Simps is now a name recognized by community members :)

Summary

Play with the entire Sushi family: Kashi lending, BentoBox, Sushi Bar collateralized earnings and voting rights, and more!

Sushi is one of the most exciting DeFi protocols, thanks in large part to a five-star team of world-class developers with a strong ability to innovate and drive the ecosystem forward, Sushi has an “inside out” quality, creating applications and features within the protocol, such as Kashi and Miso, internally, and externally, integrating with other DeFi protocols (Aave, Polygon, etc.). Externally, it integrates with other DeFi protocols (Aave) and Layer 2 networks (Polygon), among others. Sushi has an optimistic future from both a technical and a token economic analysis perspective.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/play-with-the-entire-sushi-family-kashi-lending-bentobox-sushi-bar-collateralized-earnings-and-voting-rights-and-more/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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